Tag: US Treasury

• Wednesday, February 27th 2013 - 05:10 UTC

  Jack Lew closer to becoming US Treasury Secretary; Senate votes Hagel for the Pentagon

  

  Jack Lew won the Senate Finance Committee’s approval to become US Treasury secretary and a full vote in the upper house confirmed Chuck Hagel as the next US defense secretary. The Senate approved the nomination Tuesday in a vote of 58 to 41.

• Wednesday, October 19th 2011 - 16:33 UTC

  Great China (Beijing, HK, Singapore, Taiwan) reducing holdings of US debt

  

  China has reduced its holdings of US debt to their lowest level in a year, after the US's credit rating was downgraded by Standard & Poor's (S&P). China sold 36.5bn dollars in US Treasuries or bonds to cut its holding to 1.137bn in August, latest data by the US Treasury Department showed.

• Wednesday, December 8th 2010 - 17:11 UTC

  US dollar to strengthen, but US fiscal health worse than Europe’s warns China

  

  The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the Euro zone's troubles but the US fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.

• Tuesday, December 7th 2010 - 18:46 UTC

  US Treasury admits making 12 billion profit with Citigroup rescue package

  

  The US Treasury has sold its remaining stake in Citigroup, in a deal which it says will make a 12 billion USD profit on its overall investment. Citigroup was one of the worst victims of the financial crisis, and the US government stepped in with 45 billion bail-out cash in 2008 and 2009.

• Wednesday, October 20th 2010 - 03:06 UTC

  US Treasury launches fourth sale of Citigroup common stock

  

  The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.